Preston ReportEdmond Real Estate Market
May 2020
Prepared by
Brian PrestonRE/MAX at Home
Mobile: 405‐826‐5725
www.Edmond4Sale.com
Realtor of the Year 1995 & 2002Lifetime Achievement 2009
Most Cooperative Realtor 1992RE/MAX Hall of Fame
Oklahoma Association of Realtors Life Member 2018
EdmondReal Estate
2019 Residential HomesActive Pending Sold
January 1003 622 228February 1035 725 341March 1114 594 417April 1093 744 379May 1046 886 397JuneJulyAugustSeptemberOctoberNovemberDecember
Total 1762
Preston ReportBased on information from MLSOK.com for the period (01/01/20) through (05/31/20) Edmond, Deer Creek and Oakdale School Districts, while information is deemed reliable it is not guaranteed
Average Sales Price& Sales Volume
Average Price Total Volume Avg Price New Home Total Volume New Homes
Jan. $311,946 $71,123,688 $329,679 $18,462,024Feb. $310,202 $105,778,882 $361,857 $30,757,845March $307,136 $128,075,712 $327,242 $32,396,958April $303,021 $114,844,959 $316,928 $29,474,304May $295,113 $117,159,861 $316,184 $26,875,640JuneJulyAugustSept.Oct.Nov.Dec.
Total $304,758 $536,983,102 $330,064 $137,966,771
Active Listings
0
200
400
600
800
1000
1200
1400
1600
1800
2000
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Under Contract
0
100
200
300
400
500
600
700
800
900
1000
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Sold
0
100
200
300
400
500
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
Current Inventoryvs. Homes Sold
Edmond – May 2020Active Pending Sold YTD
<$100,000 2 7 19
$100‐125k 0 6 34
$125‐150k 4 17 68
$150‐175k 9 58 131
$175‐200k 28 94 213
$200‐225k 41 103 165
$225‐250k 98 105 187
$250‐275k 78 68 153
$275‐300k 78 71 129
$300‐350k 123 120 199
$350‐400k 133 79 153
$400‐450K 82 42 89
$450‐500k 66 29 69
$500‐700k 131 61 98
$700‐1 mil 110 16 37
>$1 million 63 10 18
_____________________________________________________________________________________________________________________________________
Total 1046 886 1762
0
2
4
6
8
10
12
14
16$100,000 and under
Active Pending Sold
02468
10121416
$100,001‐$125,000
Active Pending Sold
0
5
10
15
20
25
30
$125,001‐$150,000
Active Pending Sold
0
1020
30
4050
60
70
$150,001‐$175,000
Active Pending Sold
0
20
40
60
80
100
120$175,001‐$200,000
Active Pending Sold
0
20
40
60
80
100
120
$200,001‐$225,000
Active Pending Sold
0
20
40
60
80
100
120
$225,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$275,000
Active Pending Sold
0
20
40
60
80
100
120$275,001‐$300,000
Active Pending Sold
020406080100120140160180200
$300,001‐$350,000
Active Pending Sold
020406080100120140160180
$350,001‐$400,000
Active Pending Sold
0
20
40
60
80
100
120
$400,001‐$450,000
Active Pending Sold
0102030405060708090100
$450,001‐$500,000
Active Pending Sold
020406080100120140160180
$500,001‐$700,000
Active Pending Sold
0
20
40
60
80
100
120
$700,001‐$999,999
Active Pending Sold
0102030405060708090
$1,000,000 and up
Active Pending Sold
Absorption Rates
0123456789
1011121314151617
<$100,000 $100‐125k $125‐150k $150‐175k $175‐200k $200‐225k $225‐250k $250‐275k $275‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
In Months
2017 2018 2019 Mar‐20 Apr‐20 May‐20 over a Million 16.5 + months
Current New Home Inventoryvs.
New Home SalesMay 2020
Active Listings Under Contract Sold‐YTD<$200,000 12 31 41$200‐250 59 78 85$250‐300 77 49 87$300‐350 65 40 68$350‐400 58 32 61$400‐450 38 21 25$450‐500 26 12 17$500‐700 42 12 28$700‐1 Mil 25 2 1> 1 Mil 6 4 5____________________________________________________________________________Total 408 281 418
New HomesActive
0
100
200
300
400
500
600
700
800
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
.
New HomesUnder Contract
0
50
100
150
200
250
300
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
.
New HomesSold
0
20
40
60
80
100
120
140
January February March April May June July August September October November December
2015 2016 2017 2018 2019 2020
051015202530354045
$200,000 and under
Active Pending Sold
0102030405060708090
$200,001‐$250,000
Active Pending Sold
0
20
40
60
80
100
120
$250,001‐$300,000
Active Pending Sold
0102030405060708090
$300,001‐$350,000
Active Pending Sold
01020304050607080
$350,001‐$400,000
Active Pending Sold
05
101520253035404550
$400,001‐$450,000
Active Pending Sold
0
5
10
15
20
25
30
35
$450,001‐$500,000
Active Pending Sold
05
1015202530354045
$500,001‐$700,000
Active Pending Sold
0
5
10
15
20
25
30
$700,001‐$999,999
Active Pending Sold
012345678910
$1,000,000 and up
Active Pending Sold
Absorption RateNew Homes
in months
01234567891011121314151617181920
<$200k $200‐250k $250‐300k $300‐350k $350‐400k $400‐450k $450‐500k $500‐700k $700‐1mil >$1mil
2017 2018 2019 Mar‐20 Apr‐20 May‐20Over $1mil is 21 months
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